Inflation in Lao People’s Democratic Republic at 22-year high in June

The Statistical Office of the Lao People’s Republic announced that the consumer price index (CPI) rose 23.6% year-on-year in June. This was the highest level since May 2000 (12.8%).

The CPI was higher than analysts’ forecasts and above the government’s target of 12%.

The increase in the CPI was caused by rising oil prices, consumer goods and imported products, as well as the depreciation of the kip currency.

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